TAMAN MERBAH

Area Intelligence

2022

Median Price

RM 850,000

PSF: RM 380

TAMAN MERBAH in Seberang Perai Selatan, Penang recorded 3 subsale transactions in 2022, with a median price of RM 850K and a median price per square foot (PSF) of RM 380.

This area contains both residential and commercial properties. View 2 residential properties or 3 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 850K, with most transactions falling within a stable range of RM 550K to RM 950K, and a typical market range of RM 615K to RM 950K.

Most transactions involved 2 - 2 1/2 storey shop, though some variety exists in the market.

Price per square foot shows a median of RM 380, though individual units vary from RM 144 to RM 616 in the core range. The broader market spans RM 96.15 to RM 663.15, indicating diverse property characteristics. A wider spread (IQR: RM 567.00) and deviation (MAD: RM 236) indicate significant PSF variations, likely due to diverse property types or conditions.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN MERBAH, Seberang Perai Selatan, Penang

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